• 제목/요약/키워드: advanced argument

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Financing of Innovation - A Survey of Various Institutional Mechanisms in Malaysia and Singapore

  • Mani, Sunil
    • 기술혁신연구
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    • 제12권2호
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    • pp.185-208
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    • 2004
  • Production of goods and services always necessarily depends on the use of knowledge. The knowledge intensity of production , however, has increased manifold in the last two decades or so. This is clearly indicated by the rise in the share of knowledge intensive products, which are traded. The production and export of these advanced products are not confined to developed countries alone, but also among developing countries. But in the latter there is considerable concentration of it in a handful of countries primarily in the Asian region. Knowledge underlying production, whether industrial or non-industrial, embodies two types of knowledge: formal and non-formal. In this paper we are entirely concerned with the financing of the creation of formalized knowledge in the context of two similar Asian developing countries, namely Singapore and Malaysia. Three broad types of financial instruments are considered: research grants, tax incentives and venture capital. Both the countries are shown to be having very similar financial instruments for promoting innovation. The timing of these instruments is quite similar too. But one country has performed much better than the other. The main argument of the paper is that while financial instruments are a necessary input for innovation, the sufficient condition lies in the supply of a sufficient quantity of scientists and engineers.

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World Bank와 ILO/ISSA의 사회보장연금 민영화 논쟁에 관한 연구 (The Social Security Pension Reform Debate between the World Bank and the ILO/ISSA)

  • 원석조
    • 한국사회복지학
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    • 제46권
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    • pp.290-318
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    • 2001
  • In 1981, Chile has fundamentally reformed the public pension system from the pay-as-you-go system (PAYGs) to the full funding defined contribution system managed by the private funding companies. The Chilean privatization reform influenced not only the neighbor South American countries but also the advanced countries. The United Kingdom contracted out the state earning related pension system. Australia and Sweden recently introduced the private investment accounts system. And now the hot debates on the privatization of the social security pension is going on in the United States of America. This wind of privatizing the public pension system is being backed up by the New Liberalism, the nowadays' strongest ideology. Besides, the theoretical and idealogical debate between the World Bank and the ILO/ISSA was happened in the middle of 1990s. The World Bank, the supporter of the international financial capital, insisted the introducing of the full funding individual accounts system and the abolition of the existing PAYGs. The ILO/ISSA apposed the World Bank's policies and advocated the moderate reform of the PAYGs. In this paper, I reviewed the Chilean reform, the World Bank's report and the opposing argument of the ILO/ISSA against it, and analysed the core issues of the two sides. Also, I tried to present the suggestions to the Korean public pension systems. Through the discussing the debate, we made certain of the importance of the basic issues in the social security system like equity vs. adequacy, inter-generational redistribution vs. intra-generational redistribution and welfare vs. economy, once again.

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Revisiting Managerial Ownership and Firm Value in the Absence of Market Forces: Evidence from Singapore and Thailand

  • POLWITOON, Sirapat;TAWATNUNTACHAI, Oranee
    • The Journal of Asian Finance, Economics and Business
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    • 제7권8호
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    • pp.1-13
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    • 2020
  • This study examines the effect of managerial ownership on firm value in capital markets where outside governance mechanisms to discipline managers are weak or non-existent. We hypothesize that strong market forces in the U.S. confound the effect of managerial ownership on firm value, i.e., the convergence of interest argument. We test the hypothesis using data from 112 firms from Singapore Stock Exchange and 205 firms from the Stock Exchange of Thailand prior to the Asian financial crisis in 1997 when the market forces were weak, yet the investor protection was sufficient to prevent outright appropriation from management. For ease of comparison, we use methodologies from studies done on the U.S. sample firms during the same study period as ours. We find that, both in Singapore and Thailand, firm value is a function of managerial ownership, and the relation is of the famous inverted U-shaped. Moreover, the relation is robust under different model specifications. The results from Thai sample, with weaker market forces than in Singapore, lend support to many agency cost hypotheses advanced in the U.S. Our results provide useful implication for investors in emerging and frontier markets where outside governance mechanisms are yet to be fully developed.

콜럼부스 발견 전후의 아메리카대륙 환경파괴에 대한 관점 (The Debate on the Environmental Degradation during the Pre- and Post- Conquest in America)

  • 박정재
    • 한국지역지리학회지
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    • 제15권6호
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    • pp.707-719
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    • 2009
  • 아메리카원주민들과 유럽인들의 환경파괴와 관련하여, 다양한 분야의 학자들 사이에서 논쟁이 끊이지 않고 있다. 아메리카원주민들의 자연친화적인 사고를 높이 사는 저술들도 있는 반면, 원주민들의 환경훼손이 결코 적지 않았다고 주장하는 논문들도 있다. 또한 유럽인들의 목축활동으로 인한 환경파괴가 심했다고 주장하는 측과 이목방식을 사용했기 때문에 환경에 미친 영향이 생각보다 적었다고 주장하는 측이 팽팽하게 맞서있다. 최근 생태 복원의 필요성이 강조되면서 본 논문의 주제와 비슷한 유의 논쟁이 전세계 여러 곳에서 활발히 진행되고 있다. 복원의 이상적인 목표점을 찾고자 인간과 자연이 자연스럽게 조화를 이뤘던 시점과 모습을 확인하려 한다면, 관련 정보들이 고환경 연구분야에서 다양하고 폭넓게 생산되어야 할 것이다.

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'마른 장마'는 진정 형용모순인가?: 장마와 자연종 (Is 'Dry Changma' a Case of Contradictio In Adjecto?: Changma and Natural Kinds)

A Study on the Reform of the Police in Korea: Focused on Institutional Approach

  • Kim, Taek;Jung, In Whan
    • International Journal of Advanced Culture Technology
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    • 제10권3호
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    • pp.120-126
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    • 2022
  • As part of the police reform, the current government is trying to establish a police bureau under the Ministry of Public Administration and Security and improve the personnel management of the police. Like the prosecution bureau under the Ministry of Justice, the main goal of the police is to establish a police support bureau in the Ministry of Public Administration and Security to have personnel, budget, disciplinary action, and inspection. However, the government's control of police rights was opposed mainly by the "Police Workplace Council," which is like a police union, and even police officials agreed with it, and the opposition was severe. It is becoming a form of struggle between the government and police organizations. As a police major, I don't want to side with anyone and support the police. However, I thought about what democratic control of the police should be with, considered what the police reform plan is, and analyzed the legal and institutional aspects of the current police, and expressed the following issues. First, this paper is as follows: First, we considered what the democratic control of the police was. Second, We focused on reform measures such as the personnel system and institutional approach. Third, I presented my argument on what the police reform plan is.

The Social Capital Building Approach to Corporate Sustainability Management

  • ByoungJo, Kim
    • International Journal of Advanced Culture Technology
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    • 제10권4호
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    • pp.117-125
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    • 2022
  • Along with the uprising of sustainability issues in the field of business and management, firms increasingly strategize and mobilize resources towards sustainability related activities and processes much more than ever. Together with this phenomenon, the concept of corporate sustainability has been noticed much more by scholars and practitioners from diverse fields. However, differently with an expectation, it is undoubted that there is a small controversy when we treat the issues related to its definition, antecedents, consequences, processes and so on. Based on this kind of understanding, this study tries to suggest and advance a new approach to the corporate sustainability based on the premises of social capital theory for social relations, which explains the role of institutions, and norms that shape firms 'social interactions. Main argument is that firm's voluntary, progressive, and proactive activities for sustainability issues can be understood as the firm's social capital building processes. Though there are a little existing study dealing with this issue, this study has a difference with them by proposing social capital building issues based on firm's real activities. Finally, case analyses based on a new approach are suggested and the theoretical considerations with some limitations are explained.

Mono- and Multi-layer Langmuir-Blodgett Films of Maleimide Polymers Possessing Nonlinear Optical-Active Side Chains

  • Yoon Kuk Ro;Lee Hoosung;Rhee Bum Ku;Jung Changsoo
    • Macromolecular Research
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    • 제12권6호
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    • pp.581-585
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    • 2004
  • A copolymer P[OSA-MI] was synthesized by copolymerization of its corresponding monomers, N-phenyl maleimide (MI) and 2-octen-l-ylsuccinic anhydride (OSA). The polymer (poly[2-[1-(2,5-dioxo-l-phenylpyrroli­din-3-ylmethyl)heptyl]-succinic acid 4-(2-$\{$ethyl-[4-(4-nitrophen-ylazo)phenyl]amino$\}$ethyl)ester]) P[DR1MA-MI] was obtained from the reaction of P[OSA-MI] with 2-[4-(4-nitrophenylazo)-N-ethylphenylamino] ethanol (DR1). A stable monolayer of P[DRIMA-MI] was formed by spreading the solution of the polymer in chloroform. In Y-type Langmuir-Blodgett (LB) films prepared using this Langmuir-Blodgett method, the second harmonic waves generated from adjacent mono layers canceled each other out. In X-and Z-type LB films, the second harmonic intensity increased upon increasing the number of monolayers, but this increase was somewhat smaller than predicted by the square law. This phenomenon is due to defects or imperfect alignment of the dipoles in the LB film. The generation of second harmonic waves from Y-type LB films having an even number of mono layers supports this argument. The degree of imperfection seemed to increase as the number of layers increased. The second-order nonlinear optical properties of spin-cast films of these polymers were also measured. The largest second harmonic coefficient of the poled P[DRIMA-MI] film coated on a glass plate was 19 pm/V.

The Layer of Emotion that Makes up the Poem "Falling Flowers(落花) " by Cho Ji-Hoon

  • In-Kwa, Park
    • International Journal of Advanced Culture Technology
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    • 제5권4호
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    • pp.1-9
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    • 2017
  • This study of Cho Ji - Hoon's Poem "Falling Flowers" was attempted to find the mechanism of poetic healing and utilize it for literary therapy. In this study, I examined how Cho Ji-Hoon's poem "Falling Flowers" encoded crying. Especially, we focused on the organic relationship of each layer represented by poem and put emotional codes on the layer of functor and argument. The results are as follow. It represents the Separation Layer of 1-3strophes, 4-6strophes constitute the Time Layer, and 7-9strophes the Sadness Layer. This poem proceeds the encoding of the sentence in which the crying of cuckoo in the 1-3strophes transforms into the crying of the poetic narrator in the last 9strophe. The relation of emotional layers in this poem is in the same function relations as "(1-3strophes) ${\subset}$ (4-6strophes) ${\subset}$ (7-9strophes)". Since these functional relations consist of the encoding of sadness, encrypts emotion signals of sadness as "U+U+U" becomes "UUU". 1-3strophes' U is the cry of the cuckoo, and U of the 4-6strophes is blood cry. Therefore, "UUU" is the blood cry of poetic narrator. This Cho Ji-Hoon's poem has a Han(恨) at its base. So, as Cho Ji-Hoon's poem "Falling Flowers" is uttered, the poetic mechanism of U, the code of sadness, is amplified. Then we get caught up in the emotions we want to cry. The poetic catharsis of "crying" is providing the effect of literary therapy. In the future, it will be possible to develop a more effective literary therapy technique by developing a literary therapy program like this poetic structure.

경로의존론과 지역회복력 개념: 지역격차에 대한 새로운 이론적 접근 (Theoretical Approaches to Regional Transformation: Path Dependence Theory and Regional Resilience Concept)

  • 신동호
    • 한국경제지리학회지
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    • 제20권1호
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    • pp.70-83
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    • 2017
  • 경제성장에는 항상 지역간 격차가 있어왔다. 1960년대 이후 발생하기 시작한 선진 공업국의 탈 공업화로 인한 사회 경제적 위기로부터 회복하는 데에도 지역간, 도시간 상당한 격차가 있어 왔다. 이러한 격차에 대한 전통적 이론은 "자원의 불균등한 배분"으로 설명하곤 하였다. 그러나 유사한 수준의 자원을 가진 지역간에도 상당한 성장격차가 있다는 사실을 감안할 때, 그러한 전통적 이론에 문제가 있다는 것이 확인되고 있다. 이러한 상황에서 최근 성장과 회복에 있어서의 격차를 설명하는 새로운 이론이 대두되고 있다. 진화론적 경제이론에 근거한 경로이론과 회복력 개념이 그 대표적인 예이다. 이 논문은 그러한 이론의 출현 배경과 특징, 유용성 등을 비교 분석한다. 이 두 이론은 아직 객관화된 판단의 근거를 개발하지는 못했지만, 종전의 이론이 가진 한계점을 보완하고 다양한 사회현상을 설명하는 하나의 대안으로써 설득력이 있어서, 비(非)계량적 연구방법이 충분히 발달하지 못한 우리 학계의 발전에 기여할 수 있을 것으로 판단된다.